The recent market correction on April 12 caused a drop in the value of various digital assets, including Shiba Inu (SHIB), which experienced a 6% decline on a weekly scale and a 20% decrease over the past month. Despite this negative trend, many analysts are optimistic about SHIB’s potential for a substantial rebound in the
Crypto
Robert Kiyosaki, a well-known American author and financial educator, has recently expressed his support for a bold prediction made by Cathie Wood’s asset management firm, Ark Invest. Wood’s firm predicted that Bitcoin (BTC) could reach a staggering $2.3 million per coin. Kiyosaki believes in Wood’s forecast due to her reputation for intelligence and his belief
The U.S. Securities and Exchange Commission (SEC) recently took aim at Uniswap Labs, the company behind the world’s largest decentralized exchange (DEX), with a Wells Notice. This notice signifies the SEC’s intent to pursue legal action against the company, sparking concerns within the DeFi community. Uniswap Labs’ Response In response to the SEC’s actions, Uniswap
In response to the ever-changing market trends and the increasing demand for user-friendly services, Binance has made significant updates to its platform. One of the most recent developments is the addition of 18 new loanable assets to Binance Loan. This expansion includes a diverse range of cryptocurrencies, from meme coins like dogwifhat (WIF) and Pepe
Ethereum has been experiencing a prolonged phase of sideways consolidation following a decline to the critical support level of $3K. The cryptocurrency seems to be stuck within a range of $3K to $3.7K, with minimal volatility expected unless a breakout occurs in either direction. The daily chart analysis reveals that Ethereum found substantial support around
Shiba Inu (SHIB) recently experienced a significant price drop, causing concern among investors. The token’s value decreased by 3% on a daily scale and 20% on a monthly basis. This downturn has left many wondering about the future prospects of SHIB and whether a bullish trend is on the horizon. Despite the recent price drop,
The recent approval of spot Bitcoin ETFs has been a game-changer for the crypto market, according to Fred Thiel, the CEO of Marathon, America’s largest crypto mining firm. Thiel believes that the ETF approval has attracted a significant amount of capital into the market, leading to a surge in prices that would typically be seen
The introduction of U.S. Bitcoin spot ETFs has marked a significant milestone in the cryptocurrency market, attracting a substantial amount of net inflows since their launch three months ago. This article will delve into the analysis provided by Glassnode analyst James Check, who measures the impact of these ETFs on the broader Bitcoin market using
